PEDEVCO (NYSE:PED) CEO John Douglas Schick Sells 66,666 Shares

PEDEVCO Corp. (NYSE:PED) CEO John Douglas Schick sold 66,666 shares of the stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $0.46, for a total transaction of $30,666.36. Following the completion of the sale, the chief executive officer owned 3,510,467 shares in the company, valued at $1,614,814.82. This represents a 1.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

PEDEVCO Trading Up 1.2%

Shares of PED traded up $0.01 during trading hours on Tuesday, reaching $0.47. 99,479 shares of the company’s stock traded hands, compared to its average volume of 175,345. PEDEVCO Corp. has a 12 month low of $0.45 and a 12 month high of $1.00. The stock has a market cap of $44.89 million, a PE ratio of 23.51 and a beta of 0.21. The firm’s 50 day simple moving average is $0.58 and its 200-day simple moving average is $0.62.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on PED shares. Roth Capital upgraded PEDEVCO to a “strong-buy” rating in a research report on Monday, November 17th. Zacks Research raised PEDEVCO to a “hold” rating in a report on Wednesday, November 19th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $1.50.

About PEDEVCO

PEDEVCO Corp., an oil and gas company, focuses on the acquisition, development, and production of oil and natural gas assets in the United States. It holds interests in the Permian Basin asset covering an area of approximately 22,721 net acres located in New Mexico; and D-J Basin asset covering an area of approximately 19,214 net acres located in Wyoming.